Ariel acquires three properties
Costa Rican gold producer Ariel Resources (VSE) has acquired three additional properties at the northern end of the Central American country’s Gold Belt. The properties, named Boston, Gongolona and An…
News
NEWS ROUNDUP — New receiver for Faro assets
A new court-appointed interim receiver has been appointed for the Faro mine assets of Curragh (TSE) in the Yukon. Peat Marwick Thorne has replaced Deloitte and Touche, which was being partially funded…
PRODUCER PRICES (October 25, 1993)
ALUMINUM: MW U.S. market US51.50-52.25 cents per lb. (Oct. 7, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 199…
ODDS’N’SODS — Wind claimed northern pilot
Some peoples’ lives are altered drastically or fatally by a strong gusting wind. This story concerns one such accident which occurred on a summer’s day at a small rail station on the CN Rail line, 75 …
LETTERS TO THE EDITOR — Golden Bear gold mine continues in
The article “Troubled past is no longer an albatross around Golden Bear’s neck” (T.N.M., Sept. 20/93) did not mention Wheaton River Minerals, which owns 85% of North American Metals, owner of the Gold…
Salaries of top executives to become public knowledge
Major changes in Ontario securities regulations will require companies to disclose, individually and by name, the compensation paid to each of their top executives. “These changes put Ontario in the f…
OPINION — The changing world of finance
Four basic positive factors are driving change in the world of finance and will continue to shape events for years to come: technology, globalization, deregulation and demographics. The most important…
More gold is reported at Damoti Lake project
Further assay results from drilling at the Damoti Lake property, 150 km north of Yellowknife, N.W.T., have extended the previously discovered gold zone to the north. Athabaska Gold Resources (TSE), op…
MINING IN MEXICO — Challenging times ahead for Mexico
Since the mid-1980s, Mexico has undergone an economic transformation in record time, a feat that few other developing countries can claim. The change in Mexico’s economy from state control to an open …
MINING IN MEXICO — Minefinders plans surface work
Toronto-based Minefinders (VSE) is planning a start in October of a surface work program at its Dolores gold property in the Mexican state of Chihuahua. The company will use the results of the program…
MINING IN MEXICO — PROJECT ROUNDUP — Lenora in project
Junior Greater Lenora Resources (TSE), which has incorporated in Mexico, is reported to be actively searching for new property interests in the country. The company was involved in negotiations two ye…
MINING IN MEXICO — Mexican economy shows continued strength
Mexico’s’s current performance reflects the country’s long efforts to wrestle with financial imbalances, reduce its debt burden, control inflation and implement sustainable economic reform. During 195…